Author

Edward Harrison 7694 posts 575 comments

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Political Economy

The surge in jobless claims looks to be over

Edward Harrison Aug 6, 2020

Real quick here The latest week's initial unemployment claims figures came out today. And they show claims have plummeted from their highest levels three weeks ago. I take this as a signal that the second wave of viral infections is not…

Daily

More on the fiscal cliff and a double dip

Edward Harrison Aug 3, 2020

The new normal We are in the middle of a grand social experiment. That's the overriding thought I had this morning as I looked out my bathroom window on the empty streets below. Some of the longer-term impacts of this experiment are clear -…

Daily

Jobless claims, the fiscal cliff and a double dip

Edward Harrison Jul 30, 2020

I think the title of this post lays out exactly what I intend to cover. It's all about the US economy and its vulnerability to a double dip recession due to the fiscal cliff and rising jobless claims. To cut to the chase, I haven't been…

Daily

Five important macro themes on my mind today

Edward Harrison Jul 27, 2020

The news flow is eliciting five themes for me right now. And I will dive into them briefly below. They are gold, the US dollar and rates, Europe, Covid-19 in the US and US fiscal stimulus. I am not going to take a hard view here. I simply…

Daily

Where are we economically right now?

Edward Harrison Jul 24, 2020

Different parts of the global economy are in very different places right now. And the sense I am getting is that this will have meaning only over the medium term. Over the longer-term, there will be a collective recovery. How robust the…

Daily

Initial jobless claims rise 100,000, unadjusted claims fall 100,000

Edward Harrison Jul 23, 2020

I am writing this initial part just after 8AM EDT while I await the jobless claims. I told you on Monday I expect a big number = larger than most. And I will update you when the claims come in, as I write. But I want to talk about the…

Daily

Why initial jobless claims are going to go through the roof

Edward Harrison Jul 20, 2020

I did a quick experiment with US initial jobless claims for my colleagues at Real Vision for today's Daily Briefing. And because the results were so interesting, I thought I'd post them here despite having just posted earlier this morning.…

Daily

News suggests major economic and political challenges ahead

Edward Harrison Jul 20, 2020

The news flow this weekend was not particularly uplifting either here in the US or in Europe. Overall, the composite I get is one that dovetails with the downside risks I have outlined on both sides of the Atlantic - in the US it is…

Political Economy

Political impasse over jobless claims just as they mushroom

Edward Harrison Jul 17, 2020

Framing the economic path This is just a quick update on how I am thinking about the US economy. I am going to put this outside the paywall for once in order to update everyone. I'll put the run-up to today in a bullet point framework up…

Daily

The information silo

Edward Harrison Jul 16, 2020

This is my first time posting in a week. There was a combination of factors that kept me away from the newsletter like pressing work at Real Vision and a lack of revealing economic data flow. But, the biggest factor was the coronavirus news…

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